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2022
Exports $78.1MWorld Rnk 2 / 88
Flag Rnk 904 / 1216
2022
Destination $1.28M South Korea
2021 - 2022
FASTEST GROWING MARKET $1.28MTurkey
2022
Imports $68MWorld Rnk 2 / 176
Flag Rnk 724 / 1212
2022
Origin $2.3M Thailand
2021 - 2022
FASTEST GROWING ORIGIN $2.3MMalaysia
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $78.1M in Reclaimed Rubber, making it the 2nd largest exporter of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 904th most exported product in China. The main destination of Reclaimed Rubber exports from China are: South Korea ($9.56M), United States ($8.52M), Vietnam ($4.54M), Indonesia ($3.64M), and Thailand ($3.38M).

The fastest growing export markets for Reclaimed Rubber of China between 2021 and 2022 were Turkey ($1.28M), Morocco ($506k), and Iran ($288k).

Imports In 2022, China imported $68M in Reclaimed Rubber, becoming the 2nd largest importer of Reclaimed Rubber in the world. At the same year, Reclaimed Rubber was the 724th most imported product in China. China imports Reclaimed Rubber primarily from: Thailand ($24.8M), India ($15.7M), Malaysia ($12.1M), Indonesia ($5.02M), and Vietnam ($3.73M).

The fastest growing import markets in Reclaimed Rubber for China between 2021 and 2022 were Malaysia ($2.3M), Thailand ($1.97M), and India ($1.12M).

COMPANIES In 2023, leading companies such as ASOS (4) were at the forefront of shipping Reclaimed Rubber from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Reclaimed Rubber exports accounted up to $7.4M and imports accounted up to $10.1M, resulting in a negative trade balance of $2.68M. Between October 2023 and October 2024 the exports of China's   Reclaimed Rubber have increased by $1.09M (17.2%) from $6.31M to $7.4M, while imports decreased by $-122k (-1.2%) from $10.2M to $10.1M.

Destinations In October 2024, Reclaimed Rubber were exported mostly to South Korea ($847k), Vietnam ($634k), Thailand ($507k), United States ($492k), and United Kingdom ($318k), and were imported mostly from Thailand ($5.26M), India ($1.72M), Malaysia ($1.2M), Vietnam ($760k), and Indonesia ($503k).

Growth In October 2024, the increase in Reclaimed Rubber's year-by-year exports was explained primarily by an increase in exports to Turkey ($590k or 705%), Tanzania ($177k or 184%), and Uzbekistan ($141k or 906%). In October 2024, the decrease in Reclaimed Rubber's year-by-year imports was explained primarily by a decrease in imports from Thailand ($-1.81M or -39.4%), Indonesia ($-528k or -60.3%), and Vietnam ($-299k or -65.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$1.09M(17.2%)
IMPORT GROWTH (October 2023 - October 2024)$-122k(-1.2%)
MAIN EXPORTER (October 2024)Shandong Province$2.2M
MAIN DESTINATION (October 2024)South Korea$847k

This section shows Reclaimed Rubber's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Reclaimed Rubber over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$78.1M
IMPORTS (2022)$68M
NET TRADE (2022)$10.1M

In 2022, China exported $78.1M in Reclaimed Rubber. The main destinations of China exports on Reclaimed Rubber were South Korea ($9.56M), United States ($8.52M), Vietnam ($4.54M), Indonesia ($3.64M), and Thailand ($3.38M).

In 2022, China imported $68M in Reclaimed Rubber, mainly from Thailand ($24.8M), India ($15.7M), Malaysia ($12.1M), Indonesia ($5.02M), and Vietnam ($3.73M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Reclaimed Rubber EXPORT MARKETS FOR China WERE (2021 - 2022):
Turkey$1.28M (361%)
Morocco$506k (89.1%)
Iran$288k (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Reclaimed Rubber BY China WERE (2021 - 2022):
Indonesia-$2.85M (-43.9%)
South Africa-$1.71M (-79.1%)
Nigeria-$1.61M (-42.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Reclaimed Rubber were:
India $105M
Canada $61.7M
In 2022, China's main importing competitors in Reclaimed Rubber were:
United States $87.9M
Thailand $18.8M

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Trade Value of Reclaimed Rubber by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.52M
TOP IMPORT POTENTIALIndia+ $9.24M

Reclaimed Rubber’s highest export potential is United States. With an export gap of $2.52M.   Reclaimed Rubber’s highest import potential is India with an import gap of $9.24M.

See methodology.

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